Singapore bets big on realty & sunshine sectors

Singapore-based investors are betting big on India's commercial realty and other sunshine sectors, including logistics, warehousing and real estate, said consulting firm ANAROCK in its analysis, adding that the top Singapore-based private equity (PE) firms such as GIC, Ascendas-Singbridge and Xander are pushing billions into India's realty sector, particularly in South Indian cities. About one-third of the total $14.01 billion PE investment in India's realty sector between 2015 and 2018 was made by Singaporean firms - the highest amongst both domestic and foreign investors. The fund-starved Indian developers are exploring debt and equity funding from various PE firms. Singapore investors are on top of the list, followed by PE players from US and Canada. After establishing a strong base in China, India is their next destination of preference, said MD & CEO at ANAROCK Capital, Shobhit Agarwal. He added that Singapore-based investors and developers have gained a substantial foothold in India's property market over the last four years.

One-week online faculty program on Performance of Engineering Structures Under Extreme Loading from 8th to 13th June 2020

Department of Civil Engineering, Vignana Bharathi Institute of Technology (Autonomous), Hyderabad is organizing a One Week Faculty Development Program on “PERFORMANCE OF ENGINEERING STRUCTURES UNDER EXTREME LOADING (PESUEL-2020)"
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MoRTH fast-track ₹35,000-cr Katra-Delhi expressway

The first-of-its-kind Katra-Delhi Express Road Corridor involving an investment of ₹35,000 crore is all set to e commissioned by 2023, Union minister Jitendra Singh, said, elaborating that the corridor will reduce the
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Kerala floats tenders for ₹1,621-cr road & flyover project

The state highways department in Kerala has invited tender for the ₹1,621.3-crore Avinashi Road flyover project for which the tender will be finalized on July 18 and the flyover work will be completed in four years
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NOIDA Metro invites bids for ₹2,682-cr extension

Noida Metro Aqua Line is all set for an expansion and has recently floated tenders for extension of the Noida Metro rail network. The network is set to be extended with five more metro stations namely, Noida Sector 122
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BMRCL launches tunneling at Shivajinagar & Vellara junctions

Launching work on Phase II of BMRCL's extension, underground metro line, the Bangalore Metro Rail Corporation Limited (BMRCL) has launched tunneling work and deployed four tunnel boring machines for the purpose
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YEIDA plans six lanes road connecting Yamuna e-way

The Yamuna Expressway Industrial Development Authority (Yeida) has decided to build a six-lane road directly connectivity Yamuna Expressway and the upcoming international airport at Jewar. It will also construct a six
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MMRDA invites bids for ₹139-cr Metro Line 7 contracts

The Mumbai Metropolitan Region Development Authority (MMRDA) has invited three separate bids for works of Mumbai Metro Rail Project Line-7. The scope of work involves external facade works for four elevated stations
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NHAI unveils 1,735-km long NHs as model roads

National Highway Authority of India (NHAI) is planning to develop 57 highway stretches across the country in and around the states' capital areas as model roads with a length of about 1735 km. The roads aimed at helping
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NMRCL floats bids for ₹430-cr project

In an attempt to build hassle free transport facilities in the area, the Noida Metro Rail Corporation (NMRCL) has invited bids for works of Noida-Greater Noida Metro Rail Project in UP in the NCR region. The scope
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Deconstructing a slump - The construction industry in a pandemic-hit fiscal

The extended lockdown to stem the Covid-19 pandemic has compounded India’s growth woes. Along with external risks such as weak global demand, supply disruptions, and global financial shocks, the economy now faces factory
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Telangana takes up ₹2,518-cr road & bridge projects

In order to build trouble free road network across the state including its rural heartland, the government in Telangana has decided to invest ₹2,518 crore on building 1,875 mandal headquarters roads and will also convert
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Kochi Metro Rail plans Phase-II extension

The Kochi Metro Rail Ltd (KMRL) has decided to extend the existing metro rail project into phase two of the project starting from Jawaharlal Nehru stadium to Kakkanad and is hopeful about getting the required Centre
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WeWork-CBA seals office space deal Bengaluru

WeWork India is all set to seal a 2,400 seats office deal with Commonwealth Bank of Australia at WeWork's Manyata tech park facility in Bengaluru. The workspace will be fully equipped by WeWork and has a 4 years lock-in period
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Relief Package is insufficient for road developers: ICRA

The credit rating agency, ICRA in a recent announcement said that the relief measures extended by the Ministry of Road Transport and Highways (MoRTH) are insufficient for road developers who did not collect toll tax
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Decks cleared for ₹230-cr Tidel Park in TN

After a series of legal hurdles and delays, construction of the over two decades old Outer Ring Road project is set to start shortly and is expected to be commissioned as quickly as possible. The project has paved the way
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AP approves DPR for tram system in Visakhapatnam

The AP government has approved the lowest financial offer of ₹337.67 lakh quoted by Urban Mass Transit Company Limited (UMTC) for preparing a Detailed Project Report (DPR) for a project, which is aimed at extending the modern
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